High Pressure Grinding Rollers Market to See Strong Growth by 2025 - The Weir Group PLC, Metso Oyj, FLSmidth, KHD Humboldt Wedag International AG, Cast Steel Products
The mining industry is associated with huge investments in equipment as well as energy. The overall industrial sector uses over 37% of the total energy produced out of which the mining industry uses close to 4%, which is required mainly in crushing and grinding operations. The growing inclination towards reducing mining cost coupled with the demand for efficient mining technologies shall drive the high pressure grinding rollers market share during the forecast period. However, the presence of strict environmental regulations related to mining might be a major market restraining factor during the assessment period.
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On the basis of application, the high pressure grinding rollers market size has been segmented into precious metal beneficiation, pellet feed preparation, base metal liberation and diamond liberation. Among the aforementioned segments, base metal liberation segment shall generate substantial revenue during the assessment period. The high pressure grinding rollers are beneficial owing to their excellent grinding qualities. These equipment and technology are widely used in iron ores and also in the liberation of high value diamonds.
The high pressure grinding rollers market has been segmented on the basis of component, application and regions. On the basis of component, the market is segmented into ferroalloy processing & ferrous metals, non-ferrous mineral processing and others. Among the aforementioned segments, non-ferrous metal segment was a major segment in 2018 and is likely to generate substantial revenue throughout the forecast period. High pressure grinding rollers are widely used for gold, copper and silver which require optimum extraction index. The low energy consumption of the high pressure grinding rollers coupled with its ability to enhance productivity are major factors attributing to the segment growth. The ferroalloy processing segment shall exhibit a steady growth during the assessment period.
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Asia Pacific was the largest revenue pocket in 2018 and shall exhibit the same trend throughout the forecast period. The growing infrastructural development and manufacturing activities coupled with rising mining activities especially in China shall further boost the market size. Moreover, the ongoing mining projects in India is likely to generate major revenue for the market. According to India Investment Grid, the current Indian mining market is valued at over USD 2 billion with 75% of the projects under Government of India.
Some of the key market players in high pressure grinding rollers market share include, The Weir Group PLC, Metso Oyj, FLSmidth, KHD Humboldt Wedag International AG, Cast Steel Products, Thyssenkrupp Koppern Group, Outotec Oyj, TAKRAF GmbH and CITIC Heavy Industries Co. Ltd.
Related News: https://www.marketwatch.com/press-release/high-pressure-grinding-rollers-market-2019-by-industry-trends-growth-forecast-to-2025-2019-10-09
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